How To Monetize Your Data

Our Data Monetization Accelerator program offers advanced data solutions for financial institutions to help them monetize their business data. Watch our video to find out how.

With the exponential growth of data, many organizations are looking for ways to manage, centralize and monetize it, leveraging its power for strategic planning and decision-making.

*And that's where Synechron's Data Monetization Accelerator program comes in…*

Our Data Monetization Accelerator program offers four real-world, advanced data solutions for financial institutions to help them monetize their business data by solving key challenges in areas such as *data availability, privacy and security, sharing, quality and usability.*

These advanced data solutions have been expertly created, in consultation with multiple industry leaders and innovation experts, at our award-winning global Financial Innovation Labs (‘FinLabs’).

This suite of customizable, building block solutions is designed to help *retail and commercial banks, asset managers, and financial services institutions* unlock the full potential of their data.

Our Data Monetization Accelerator suite consists of:
*1. Data Marketplace and Clean Rooms for Portfolio Analytics*
A platform offered by banks to their clients to explore and shop banks’ proprietary data, blend it with internal and external data, then run custom analytics on cloud-hosted private clean rooms to glean rich portfolio insights.
*2. Merchants Recommendations*
Helping banks and payment processors deliver business and market insights to their merchant clients through data-driven, actionable views and trends for better informed decision making.
*3. Fraud Operational Intelligence*
Helping banks monetize daily fraud reports by sharing fraud case summary intelligence with other banks and financial institutions, in near-real-time, to proactively limit the impact of future fraud transactions.
*4. Financial Wellness*
Enabling retirement advisors to open a dialogue with their clients with retirement plans, and discuss post-retirement wealth goals, by utilizing personal finance forecasting.

Our solutions enable businesses to derive true value from their collected data, forge new revenue streams, provide efficiency at scale, and secure competitive differentiation and novel market positioning, all while ensuring that personal data/customer information, best practices, security, and safety regulations are never breached.

*What’s more…*
Our innovative Data Monetization Accelerators are available in a *cloud-hosted sandbox environment* to enable experimentation and testing with new products and data. The sandbox can be custom-built for a customized set of use cases and industry participants.
For more information about our Data Monetization Accelerator program, you can speak with one of our FinLabs experts at FinLabs@synechron.com or visit us at synechron.com/finlabs/data-monetization-accelerator

*Who we are*
Synechron is a global digital consulting firm for large financial services and technology firms. With a key focus on trust, and in partnership with our clients, we’re leading modernization and digital optimization journeys with expertise that spans Consulting, Data, Design, Cloud and Engineering, across various industries.
*Synechron: Unlocking the full potential of your data.*

Author

Ariyani

Como educador, estou profundamente engajado no desenvolvimento dos estudantes em ambiente escolar, adotando métodos pedagógicos que valorizam conexões genuínas e são movidos por inovação e fervor. É minha vocação guiar os alunos na jornada de se tornarem uma geração notável, empregando estratégias de ensino amplamente aclamadas por prestigiadas instituições acadêmicas ao redor do globo - events.zulekhahospitals.com